The damage at the Ho'Onanea condominium complex is seen in the aftermath of a wildfire, in Lahaina, Maui, Hawaii, U.S. August 10, 2023.
REUTERS/Jorge Garcia Acquire Licensing RightsAug 16 (Reuters) - Insured property losses from the wildfire that ravaged the resort town of Lahaina in Hawaii last week are estimated to be about $3.2 billion, catastrophe modeling firm Karen Clark & Company (KCC) said on Wednesday.
More than 2,200 structures fall within the fire perimeter, KCC estimated, citing an independent geospatial analysis of satellite and aerial imagery.
The high proportion of wood frame and older construction present in the Lahaina buildings likely contributed to the damage, it said.
Moody's Investors' Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii would be at least $1 billion.
Persons:
Jorge Garcia, Karen Clark, KCC, Aon, Noor Zainab Hussain, Saumyadeb
Organizations:
REUTERS, Karen Clark & Company, Insurance, Investors, Tokio, Allstate, Thomson
Locations:
Lahaina, Maui, Hawaii, U.S, Bengaluru